My technical analysis is always about currencies, but SP500 is now bearish. I didn´t include Ichimoku to have a clean chart, but the technical picture is supported also by a Wolve Wave Pattern. I´m expecting 2040 area as first target and 1980 next.
6 Trading Rules :
1. Never add to a losing position .
2. Don´t be the first to buy low and sell high .
3. Think...
Tim West asked me a few days ago if I could provide more detailed explanation on my previous CHFJPY trade. I´m posting here an ideal bullish gartley when a double top didn´t go higher and a retracement is expected. Bear in mind you are in a bullish trend so trailing stop management is highly recommended.
6 Trading Rules :
1. Never add to a losing position ....
